CNBC: "The average age of U.S. homebuyers jumps to 56"

[Eagle-Keeper]

@Gaius

From the article:

That’s a historic high, up from an average age in the low-to-mid 40s in the early 2010s.

The median age of first-time buyers also rose from 35 to 38, while the share of first-timers dropped from 32% to 24% of all buyers for the year ending July 2024. That marks the lowest percentage since NAR started tracking the metric in 1981.

I suspect many of those buyers are investor/landlords,
and they are gonna get their asses haded to them.

Also from the link:

The average age of homebuyers is now 56, up from 49 in 2023, according to the National Association of Realtors’ annual state-of-the-market report released Monday. That’s a historic high, up from an average age in the low-to-mid 40s in the early 2010s.

And the median age of first-time home buyers is 38 years old! That’s nuts! The idea of someone in their 20’s getting married and buying a single-family home is essentially a pipe dream for most people. At some point it will level off but I would still bet that being able to afford a single-family home will be out of reach for those in their 20’s and early 30’s.